In many parts of the world, particularly in emerging markets, women are at a stark disadvantage when it comes to obtaining a loan. Studies have shown that expanding access to credit for women would spur economic growth, yet the financial gender gap remains stubbornly wide. In fact, there are more than 70 countries where women cannot even open a bank account. According to Mary Ellen Iskenderian, president and CEO of the nonprofit Women’s World Banking, emerging financial technologies, or fintech, have the potential to revolutionize access to credit for women in low-income countries by allowing them to receive loans from [...]
In 2015, a report from the McKinsey Global Institute found that up to $28 trillion could be added to global GDP by 2025 if women were allowed to achieve their full economic potential. Yet according to the World Economic Forum, there are more than 70 countries where women are not allowed to open bank accounts or obtain credit. The gender gap in financial account penetration tends to be widest in certain emerging markets, like South Asia, sub-Saharan Africa and parts of the Middle East. Even when financial services are available to them, women often face bias and discrimination at various [...]
Technology has blurred all sorts of boundaries we used to take for granted—between work and leisure, between being alone and being with others, between private and public spaces. One boundary we still generally treat as sacrosanct, though, is the one around our own minds, which allows us to think for ourselves and to keep those thoughts private, whether they are rebellious, impolite or simply irrelevant. After all, the power to make up our own minds is an essential part of what makes us individuals. Technology may now be challenging this mental independence, too, and some of its applications could threaten [...]
